According to reports, Robinhood Markets posted a surprise surge in crypto income that helped lift its third-quarter results above Wall Street forecasts.

Total revenue for the three months ended Sept. 30 rose to $1.27 billion, double what the company reported a year earlier. That beat analysts’ $1.2 billion estimate.

Robinhood: Crypto Sales Drive A Big Part Of The Gain

The firm said crypto trading produced nearly $270 million in the quarter, a jump of more than 300% from a year earlier.

Transaction-based revenue overall grew almost 130% to $730 million, and earnings per share climbed close to 260% to $0.61, topping the $0.51 analysts had pegged.

These figures show how much movement in crypto trades can change quarterly results for Robinhood.

New business lines are starting to matt

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